If There Is an Increase in Demand for a Good

question 36

Multiple Choice

If there is an increase in demand for a good,

• A) there will be an increase in demand for the inputs that produce it.
• B) there will be a decrease in demand for the inputs that produce it.
• C) there will be an increase in supply of the inputs that produce it.
• D) there will be a decrease in supply of the inputs that produce it.

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Definitions:

Ecotourism

Responsible travel to natural areas that conserves the environment and improves the well-being of local people.

Recreation

Activities or experiences carried out for enjoyment, leisure, or relaxation in free time.

Leisure

Refers to free time not taken up by work, chores, or obligations, typically used for rest, recreation, or personal interests.

Commodification

The process of turning something into a commodity that can be bought, sold, or traded in the market.